The hottest sector in the market is energy, up almost 14% YTD, well ahead of the 5% move in the S&P 500 and more than double the 6% move in the second best sector (technology). The sources of strength are broad, but one of the groups fueling the rally is refiners.
There are three refiners in the S&P 500, and they are up an average of 19.5% despite one being a dog. Smaller refiners are doing even better. Here are the 9 refiners in the Russell 3000:
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